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Strategies & Market Trends : The Home Run -- Ignore unavailable to you. Want to Upgrade?


To: HighProb who wrote (76)3/30/2006 5:20:30 PM
From: Patrick Slevin  Respond to of 525
 
Dunno.

Been reading all sorts of explanations. I guess what it genuinely comes down to is who cares.....

Long as we are Long and as long as it goes in the right direction overall.

I sold some more of mine this morning but I'm done on lightening up. Now it's either hold on with what I have or re-establish the entire position plus on a reasonable retreat.

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I don't do it on the thread because I want the thread position ro be a pure pyramid play to see how it works out.

Also, screwing around with trading in and out on the thread will just muddle up the results. I'd like this experiment to work based on as little confusion as possible.

The theory is that building simple pyramids will work if they are designed correctly and the underlying trade is sound. There is really no reason why this approach should not make money easily. Provided of course that the underlying trade is sound, which I think they are.

I don't think that it's necessary to watch all day long, so this experiment will prove or disprove that logic.